User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday August 19, 2014 - 10:44:53 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Market Update: UK CPI comes in below expectations given BOE more room/reasons to continue pause


Tue, 19 Aug 2014 5:21 AM EST

***Notes/Observations***
- Risk appetite continues to gain traction as global geopolitical concerns ease
- RBA minutes echoes post rate decision statement (reiterates most prudent course likely a period of rate stability)
- Kiwi currency hurt by softer PPI data and downgrade of economic projections from New Zealand Treasury
- Russian humanitarian aid convoy still awaiting the green light to enter Ukraine
- UK CPI remains below BOE's 2% target for the 5th straight month; weighed down by price wars among clothing and footwear retailers

***Key Economic Data in session***
- (JP) Japan Jun Final Leading Index CI: 105.9 v 105.5 prelim; Coincident Index: 109.7 v 109.4 prelim
- (JP) Japan July Nationwide Dept Sales Y/Y: -2.5% v -4.6% prior; Tokyo Dept Sales Y/Y: -1.4% v -4.1% prior
- (JP) Japan July Final Machine Tool Orders Y/Y: 37.7% v 37.7% prelim
- (EU) ECB 5M borrowed in overnight loan facility vs. 40.0M prior; 18.8B parked in deposit facility vs. 19.8B prior - Daily Eurosystem Liquidity Conditions
- (EU) Euro Zone Jun Current Account SA: 13.1B v 19.8B prior; Current Account NSA: 20.8 v 9.3B prior
- (UK) July CPI M/M: -0.3% v -0.2%e; Y/Y: 1.6% v 1.8%e; CPI Core Y/Y: 1.8% v 1.9%e
- (UK) July RPI M/M: -0.1% v -0.1%e; Y/Y: 2.5% v 2.6%e; RPI Ex-Mortgage Interest Payments (RPIX) Y/Y: 2.6% v 2.6%e; Retail Price Index: 256.0 v 256.2e
- (UK) July PPI Input M/M: -1.6% v -1.0%; Y/Y: -7.3% v -6.4%e
- (UK) July PPI Output M/M: -0.1% v +0.1%e; Y/Y: -0.1% v 0.0%e

- (UK) July PPI Output Core M/M: 0.0% v 0.0%e; Y/Y: 0.9% v 0.9%e
- (UK) Jun ONS House Price Y/Y: 10.2% 10.2%e
- (IT) Italy Jun Current Account Balance: 3.1B v 1.9B prior

Fixed Income
- (ES) Spain Debt Agency (Tesoro) sold total 4.55B vs. 3.5-4.5B indicated range in 6-Month and 12-Month Bills
- Sold 992M in 6-month bills; Avg Yield: 0.080% v 0.146% prior; Bid-to-cover: 2.42x v 3.86x prior
- Sold 3.55B in 12-month bills; Avg Yield: 0.160% v 0.294% prior; Bid-to-cover: 1.9x v 2.04x prior
- (NO) Norway sold NOK3.0B vs. NOK3.0B indicated in 3% 2024 Bonds; Yield: 2.35% v 2.44% prior; bid-to-cover: 2.48x v 3.15x
- (EU) ECB allotted 107.6B in 7-Day Main Refinancing Tender at fixed 0.15% vs. 105.0Be
- (CH) Switzerland sold CHF714.0M in 6-month Bills; Yield: -0.051%

*** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***
***Equities***
Indices [Stoxx50 +0.5%
, FTSE 100 +0.5% at 6,775, DAX +1% at 9,335, CAC-40 +0.5% at 4,250, IBEX-35 +0.5% at 10,408, FTSE MIB flat at 19,629, SMI +0.5% at 8,492, S&P 500 Futures +0.2% at 1,971]

- Market Focal Points/Key themes: Equity markets extend the gains seen on Monday's session (again led by the DAX) amid lack of significant news flow out of Russia/Ukraine, Russia's MICEX trades higher, BHP declines as FY results miss expectations (confirms demerger proposal), Maersk gains on better than expected Q2 results and buyback, UK homebuilders continue to report sharply higher H1 profits with little in terms of outlook for H2 (Persimmon),

By Sector
- Industrials
[Maersk MAERSKB.DK +5% (Q2 results above ests, buyback), Wood Group WG.UK +3% (reaffirmed outlook)]
- Basic Resources/Materials [ThyssenKrupp TKA.DE +1.5% (CEO commentary); BHP BLT.UK -3.5% (FY profits below ests, does not announce buyback)]
- Consumer Discretionary [Sixt SIX2.DE +4% (Q2 sales above ests), Imperial Tobacco IMT.UK +2% (reaffirmed outlook), Fraport FRA.DE +1.5% (broker commentary)]
- Healthcare [Bayer BAYN.DE +1.5% (broker commentary)]
- Stoxx50 Sectors [Consumer Cyclical +0.8%, Technology +0.7%, Industrials +0.5%, Telecom +0.4%, Energy +0.4%, Utilities +0.3%, Financials +0.3%, Basic Materials +0.3%, Consumer Non-Cyclical flat]

**Speakers***
- Sweden Central Bank (Riksbank) Gov Ingves testified in Parliament
Important that inflation must move towards its target and it could become expansionary if inflation estimate was lowered. He also stressed that it needed measures to slow household debt and that policy could be adjusted to address this issue as well
- Sweden Central Bank (Riksbank) Dep Gov Floden testified that higher interest rates would not lower risks with private debt but would contribute to a stronger SEK currency, lower inflation and slower economy
- German Bundesbank's Dombret reiterated view that reform fatigue was one of the biggest dangers in EMU
- Ukraine Central Bank raises Overnight Refinancing Rate by 250bps to 17.50%; effective immediately
- Red Cross hoped for safety guarantee tomorrow (Aug 20th) for Russian aid
- Russia govt spokesperson Peskov: Any format for Ukraine talks is possible bt too soon to discuss Porshenko meeting
- Ukraine PM Yatsenyuk: IMF might approve aid tranche on Aug 29th

Currencies/Fixed Income:
- GBP/USD currency slumped to its lowest level since April following softer-than-expected inflation data. Price wars among clothing and footwear retailers helped the YoY CPI reading to come in at 1.6% (two-tenths below expectations). The significant decline in input PPI suggested that the weakness could persist next month. GBP/USD tested 1.6630 before stabilizing.
- The EUR/USD remained locked within its Aug range but probing the lower end once again. Option barriers remain in effect below 1.3330 area but seem vulnerable
- The NZD currency (Kiwi) saw a steep decline following the release of Q2 PPI data coupled with a downgrade of economic projections from the Treasury's pre-election fiscal update

Political/In the Papers:
- (JP) Japan PM Abe said to be retaining Fin Min Aso, Econ Min Amari during cabinet reshuffle on Sept 3rd
- (CN) China Construction Bank source saying mortgage policy not changed in Shanghai; Denies speculation to offer 20% discount on first-home mortgage rates
- (IQ) US Pres Obama: Continue to see important progress in fight against ISIS in Iraq - press conf
- (IL) Follow-up: Hamas official now stating that a ceasefire is only expected to be extended for 24 hours as delegates work to complete negotiations on a long term truce

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- 06:00 (IL) Israel Jun Manufacturing Production M/M: No est v 1.4% prior
- 06:00 (PL) Portugal July PPI M/M: No est v 0.0% prior; Y/Y: No est v -0.4% prior
- 06:30 (EU) ESM to sell 1.5B in 6-month Bills
- 06:45 (US) Daily Libor Fixing
- 07:00 (BR) Brazil Aug IGP-M Inflation (2nd Preview): -0.3%e v -0.5% prelim
- 07:45 (US) Weekly ICSC Chain Store Sales
- 08:00 (RU) Russia July Real Retail Sales M/M: 2.5%e v 0.4% prior; Y/Y: 0.9%e v 0.7% prior
- 08:00 (RU) Russia July Unemployment Rate: 5.0%e v 4.9% prior

- 08:00 (RU) Russia July Real Disposable Income: -3.0%e v -2.9% prior
- 08:00 (RU) Russia July Real Wages Y/Y: 1.7%e v 1.7% prior
- 08:00 (RU) Russia July Investment in Productive Capacity: -1.0%e v +0.5% prior
- 08:00 (PL) Poland July Average Gross Wages M/M: 0.9%e v 1.7% prior; Y/Y: 3.8%e v 3.5% prior
- 08:00 (PL) Poland July Employment M/M: 0.1%e v 0.2% prior; Y/Y: 0.8%e v 0.7% prior
- 08:15 (US) Baltic Dry Bulk Index
- 08:30 (US) July CPI M/M: 0.1%e v 0.3% prior; Y/Y: 2.0%e v 2.1% prior
- 08:30 (US) July CPI Ex Food and Energy M/M: 0.2%e v 0.1% prior; Y/Y: 1.9%e v 1.9% prior

- 08:30 (US) July CPI Index NSA: 238.342e v 238.343 prior; CPI Core Index SA: No est v 238.083 prior
- 08:30 (US) July Housing Starts: 968Ke v 893Kprior; Building Permits: 1.0Me v 973K prior (revised from 963K)
- 08:55 (US) Weekly Redbook Retail Sales
- 09:00 (EU) Weekly ECB Forex Reserves:
- 10:00 (MX) Mexico Weekly International Reserves data
- 10:30 (UK) DMO announce size of upcoming 0.625% I/L 2040 Gilt auction
- 11:00 (UR) Ukraine to sell 2-Year, 5-Year and 7-Year Bonds
- 11:00 (US) Fed to purchase $0.25-0.35 Bln Notes
- 11:30 (US) Treasury to sell 4-Week and 52-Week Bills
- 15:00 (AR) Argentina Q2 Unemployment Rate: 7.8%e v 7.1% prior
- 16:30 (US) Weekly API Oil Inventories
- 17:00 (CO) Colombia Jun Trade Balance: No est v $347.4M prior; Total Imports: No est v $5.4B prior
- 19:30 (AU) RBA Gov Stevens semi-annual testimony before House Economic Committee
- 19:50 (JP) Japan July Trade Balance: -713.9B v -822.2B prior; Adj Trade Balance: -761.3Be v -1.0808T prior
- (AK) Alaska Holds Primary Elections
- (WY) Wyoming Holds Primary Elections

 

Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."



Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader


GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium


Mon 23 Apr 2018
A All Day- Flash PMIs
AA 14:00 US- Existing Homes Sales
Tue 24 Apr 2018
AA 01:30 AU- CPI
A 08:00 DE- IFO Survey
A 14:00 US- CB Confidence
A 14:00 US- New Homes Sales
Wed 25 Apr 2018
AA 14:30 US- EIA Crude
Thu 26 Apr 2018
AA 11:45 EZ- ECB Decision
A 12:30 US- Durable Goods
A 12:30 US- Weekly Jobless
Fri 27 Apr 2018
AA 03:00 JP- Bank of Japan
A 08:00 DE- Employment
A 08:30 GB- GDP
A 14:00 US- University of Michigan


John M. Bland, MBA
co-founding Partner, Global-View.com
Start trading with forex broker Markets Cube



Max McKegg's Daily Forex Trading Forecasts

Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.


Request a TRIAL of Max's Forex Service.


pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105